A cheque received from a customer and deposited but dishonoured is recorded in cash book by: MCQ with Answer and Explanation

Explanation:
Stationery is revenue expenditure, furniture is asset. Treating revenue as capital is error of principle.

Explanation:
Sundry Creditors are amounts owed to suppliers for goods purchased on credit, which are typically due within one year, making them a current liability.

Explanation:
Verification goes beyond vouching; it involves physically confirming the existence, legal ownership, possession, and proper valuation of assets.